How are the three figures related?

Operating cash flow is the cash a company’s core business produces. Capital expenditure (capex) is the cash it reinvests in property, plants, and equipment. Free cash flow is what is left over: operating cash flow minus capex.

What is the board sorted by?

By operating cash flow, largest first. Click the Capex or Free cash flow column to re-rank by either instead — the table carries all three so you can compare cash generated, reinvested, and left over.

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Companies With the Most Cash Flow

How This List Is Built

Companies ranked by trailing twelve month operating cash flow, shown next to their capital expenditures and free cash flow — the full cash-generation picture in one table, converted to US dollars.

We sum operating cash flow, capital expenditure, and free cash flow from the latest four quarterly cash flow statements, convert to US dollars at daily exchange rates, and rank by operating cash flow descending. Banks and insurers, whose cash flow is dominated by deposit and loan movements, are excluded. Refreshed nightly.

Frequently Asked Questions

How are the three figures related?: Operating cash flow is the cash a company’s core business produces. Capital expenditure (capex) is the cash it reinvests in property, plants, and equipment. Free cash flow is what is left over: operating cash flow minus capex.
What is the board sorted by?: By operating cash flow, largest first. Click the Capex or Free cash flow column to re-rank by either instead — the table carries all three so you can compare cash generated, reinvested, and left over.

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Companies With the Most Cash Flow

Data as of Sep 23, 2026prices update during market hours (15-min delayed)all figures in USD

Rank	Company				Country
1	Alphabet Inc.GOOGL	$185.68B	$132.40B	$53.27B	US
2	Microsoft CorporationMSFT	$182.94B	$115.95B	$66.99B	US
3	Amazon.com, Inc.AMZN	$161.40B	$173.03B	−$11.63B	US
4	Apple Inc.AAPL	$146.72B	$10.04B	$136.68B	US
5	Samsung Electronics Co., Ltd.005935.KS	$143.96B	$40.10B	$103.86B	KR
6	Saudi Arabian Oil Company2222.SR	$131.96B	$51.12B	$80.84B	SA
7	Meta Platforms, Inc.META	$130.30B	$89.33B	$40.98B	US
8	NVIDIA CorporationNVDA	$125.65B	$6.57B	$119.08B	US
9	SK hynix Inc.SKHY	$93.10B	$26.37B	$66.72B	KR
10	Taiwan Semiconductor Manufacturing Company LimitedTSM	$84.50B	$46.96B	$37.53B	TW
11	CITIC Limited0267.HK	$74.43B	$6.14B	$68.30B	HK
12	PetroChina Company Limited601857.SS	$71.76B	$43.35B	$28.41B	CN
13	Exxon Mobil CorporationXOM	$59.73B	$29.17B	$30.55B	US
14	Micron Technology, Inc.MU	$51.43B	$25.26B	$26.17B	US
15	Shell plcSHEL	$49.14B	$17.59B	$31.55B	GB
16	Oracle CorporationORCL	$46.94B	$75.66B	−$28.72B	US
17	Deutsche Telekom AGDTE.DE	$46.51B	$16.26B	$30.26B	DE
18	Tencent Holdings Limited80700.HK	$45.65B	$18.90B	$26.75B	CN
19	Chevron CorporationCVX	$45.32B	$18.31B	$27.01B	US
20	Walmart Inc.WMT	$40.89B	$28.34B	$12.55B	US
21	China Mobile Limited0941.HK	$40.66B	$21.91B	$18.75B	HK
22	Broadcom Inc.AVGO	$40.65B	$1.25B	$39.40B	US
23	AT&T Inc.T	$39.90B	$22.25B	$17.65B	US
24	Petróleo Brasileiro S.A. - PetrobrasPBR-A	$39.27B	$20.59B	$18.68B	BR
25	Verizon Communications Inc.VZ	$38.80B	$17.37B	$21.43B	US
26	CNOOC Limited0883.HK	$36.28B	$16.82B	$19.47B	HK
27	PJSC GazpromGAZP.ME	$34.33B	—	$697.98M	RU
28	TotalEnergies SETTE	$33.03B	$16.70B	$16.33B	FR
29	Comcast CorporationCMCSA	$32.52B	$12.07B	$20.44B	US
30	BP p.l.c.BP	$29.11B	$12.96B	$16.14B	GB
31	T-Mobile US, Inc.TMUS	$28.83B	$13.49B	$15.35B	US
32	Eli Lilly and CompanyLLY	$28.08B	$8.03B	$20.05B	US
33	UnitedHealth Group IncorporatedUNH	$27.02B	$3.40B	$23.62B	US
34	Toyota Motor CorporationTM	$26.15B	$31.65B	−$5.50B	JP
35	China Petroleum & Chemical Corporation600028.SS	$26.07B	$21.06B	$5.01B	CN
36	Johnson & JohnsonJNJ	$23.70B	$5.00B	$18.71B	US
37	General Motors CompanyGM	$23.20B	$6.70B	$16.50B	US
38	Equinor ASAEQNR	$23.12B	$13.55B	$9.57B	NO
39	Roche Holding AGRO.SW	$22.32B	$4.41B	$17.91B	CH
40	ConocoPhillipsCOP	$21.93B	$2.33B	$19.59B	US
41	BHP Group LimitedBHP	$21.85B	$9.88B	$11.97B	AU
42	LVMH Moët Hennessy - Louis Vuitton, Société EuropéenneMOH.DE	$21.27B	$4.92B	$16.35B	FR
43	Christian Dior SECDI.PA	$21.26B	$5.02B	$16.24B	FR
44	China Telecom Corporation Limited601728.SS	$21.02B	$10.78B	$10.23B	CN
45	Contemporary Amperex Technology Co., Limited300750.SZ	$20.46B	$7.05B	$13.41B	CN
46	The Procter & Gamble CompanyPG	$20.32B	$4.41B	$15.91B	US
47	Novo Nordisk A/SNVO	$20.28B	$12.82B	$7.46B	DK
48	Volkswagen AGVOW3.DE	$20.02B	$26.62B	−$6.61B	DE
49	Merck & Co., Inc.MRK	$19.97B	$3.90B	$16.06B	US
50	Nestlé S.A.NESN.SW	$19.86B	$4.68B	$15.19B	CH
51	AbbVie Inc.ABBV	$19.51B	$175.00M	$19.68B	US
52	Rio Tinto GroupRIO	$19.22B	$13.46B	$5.76B	GB
53	The Home Depot, Inc.HD	$18.78B	$3.68B	$15.10B	US
54	Tesla, Inc.TSLA	$18.69B	$12.92B	$5.76B	US
55	Novartis AGNVS	$18.39B	$2.57B	$15.82B	CH
56	Kweichow Moutai Co., Ltd.600519.SS	$17.80B	$352.79M	$17.45B	CN
57	Anheuser-Busch InBev SA/NVBUD	$17.36B	$3.64B	$13.73B	BE
58	Marathon Petroleum CorporationMPC	$17.13B	$4.23B	$12.90B	US
59	The Walt Disney CompanyDIS	$16.99B	$8.70B	$8.29B	US
60	Ford Motor CompanyF	$16.95B	$9.67B	$7.28B	US
61	PDD Holdings Inc.PDD	$16.70B	$0.00	$16.70B	IE
62	Charter Communications, Inc.CHTR	$16.47B	$12.11B	$4.36B	US
63	The Coca-Cola CompanyKO	$16.34B	$2.05B	$14.30B	US
64	SanofiSNY	$16.29B	$2.88B	$13.42B	FR
65	Mercedes-Benz Group AGMBG.DE	$15.76B	$6.67B	$9.09B	DE
66	Vodafone Group Public Limited CompanyVOD	$15.39B	$5.63B	$9.76B	GB
67	Zijin Mining Group Company Limited601899.SS	$15.36B	$5.04B	$10.32B	CN
68	Salesforce, Inc.CRM	$15.22B	$560.00M	$14.66B	US
69	Enel S.p.A.ENL.DE	$15.20B	$10.25B	$4.95B	IT
70	Eni S.p.A.E	$15.19B	$10.85B	$4.34B	IT
71	Costco Wholesale CorporationCOST	$15.00B	$6.19B	$8.81B	US
72	Intel Corp.INTC	$14.94B	$12.11B	$2.83B	US
73	International Business Machines CorporationIBM	$14.89B	$1.26B	$13.63B	US
74	RTX CorporationRTX	$14.82B	$2.80B	$12.02B	US
75	CVS Health Corp.CVS	$14.78B	$3.02B	$11.76B	US
76	China United Network Communications Limited600050.SS	$14.53B	$9.81B	$4.73B	CN
77	América Móvil, S.A.B. de C.V.AMX	$14.51B	$6.50B	$8.01B	MX
78	Siemens AGSIE.DE	$14.37B	$2.84B	$11.53B	DE
79	Saudi Electricity Company5110.SR	$14.30B	—	−$9.68B	SA
80	Philip Morris International Inc.PM	$14.26B	$1.54B	$12.72B	US
81	Cisco Systems, Inc.CSCO	$14.18B	$582.00M	$13.60B	US
82	GE Vernova Inc.GEV	$14.14B	$1.70B	$12.44B	US
83	Orange S.A.FTE.DE	$14.07B	$8.33B	$5.74B	FR
84	Vinci S.A.SQU.DE	$13.85B	$4.41B	$9.43B	FR
85	AstraZeneca PLCAZN	$13.81B	$5.07B	$8.74B	GB
86	NextEra Energy, Inc.NEE	$13.80B	$23.98B	−$10.18B	US
87	Caterpillar Inc.CAT	$13.57B	$4.58B	$8.99B	US
88	Gilead Sciences, Inc.GILD	$13.55B	$352.00M	$13.20B	US
89	PepsiCo, Inc.PEP	$13.46B	$4.17B	$9.28B	US
90	Pfizer Inc.PFE	$13.40B	$2.42B	$10.99B	US
91	EOG Resources, Inc.EOG	$13.36B	$6.63B	$6.73B	US
92	Sony Group CorporationSONY	$13.34B	$3.02B	$10.32B	JP
93	Korea Electric Power CorporationKEP	$13.23B	$12.19B	$1.04B	KR
94	Accenture plcACN	$13.18B	$600.41M	$12.58B	IE
95	MercadoLibre, Inc.MELI	$13.16B	$703.69M	$12.46B	UY
96	China State Construction Engineering Corporation Limited601668.SS	$13.12B	$4.50B	$8.62B	CN
97	ASML Holding N.V.ASML	$13.09B	$1.69B	$11.40B	NL
98	Semiconductor Manufacturing International Corporation688981.SS	$13.05B	$7.89B	$5.17B	CN
99	Bristol-Myers Squibb CompanyBMY	$12.78B	$1.34B	$11.44B	US
100	BT Group plcBT-A.L	$12.77B	$10.28B	$2.49B	GB
101	Newmont CorporationNEM	$12.63B	$140.00M	$12.77B	US
102	PJSC LukoilLKOH.ME	$12.63B	$6.86B	$5.77B	RU
103	Amgen Inc.AMGN	$12.48B	$2.30B	$10.18B	US
104	Dell Technologies Inc.DELL	$12.47B	$3.03B	$9.44B	US
105	QUALCOMM IncorporatedQCOM	$12.40B	$1.99B	$10.42B	US
106	China Shenhua Energy Company Limited601088.SS	$12.33B	$7.75B	$4.58B	CN
107	Energy Transfer LPET	$12.12B	$6.90B	$5.22B	US
108	Canadian Natural Resources LimitedCNQ	$11.98B	$5.31B	$6.67B	CA
109	SAIC Motor Corporation Limited600104.SS	$11.90B	$3.19B	$8.71B	CN
110	Bharti Airtel LimitedBHARTIARTL.NS	$11.89B	$5.04B	$6.86B	IN
111	Netflix, Inc.NFLX	$11.81B	$818.83M	$10.99B	US
112	Enbridge Inc. CUM RED PREF Series BEBRGF	$11.79B	$9.76B	$2.03B	CA
113	Sandisk CorporationSNDK	$11.67B	$177.00M	$11.49B	US
114	Alibaba Group Holding LimitedBABA	$11.64B	$23.21B	−$11.56B	CN
115	GSK plcGSK	$11.59B	$2.34B	$9.26B	GB
116	Duke Energy CorporationDUK	$11.58B	$10.04B	$1.54B	US
117	Duke Energy Corporation Units 1.08.29DUKU	$11.58B	$10.04B	$1.54B	US
118	Polski Koncern Naftowy ORLEN Spólka AkcyjnaPKN.WA	$11.49B	$8.01B	$3.48B	PL
119	Mitsubishi Corporation8058.T	$11.47B	$2.32B	$9.14B	JP
120	McDonald's CorporationMCD	$11.35B	$3.59B	$7.76B	US
121	Suncor Energy Inc.SU	$11.20B	$3.88B	$7.32B	CA
122	Adobe Inc.ADBE	$11.15B	$214.00M	$10.94B	US
123	HCA Healthcare, Inc.HCA	$11.12B	$5.13B	$6.00B	US
124	Occidental Petroleum CorporationOXY-WT	$10.98B	$5.66B	$5.31B	US
125	Valero Energy CorporationVLO	$10.91B	$788.00M	$10.12B	US
126	AyvensAYV.PA	$10.89B	—	−$7.98B	FR
127	Hitachi, Ltd.6501.T	$10.89B	$2.44B	$8.45B	JP
128	Siemens Energy AGENR.DE	$10.81B	$2.06B	$8.75B	DE
129	SAP SESAP	$10.79B	$837.78M	$9.95B	DE
130	The Southern Company JR 2017B NT 77SOJC	$10.65B	$1.10B	$9.55B	US
131	Telefonica S.A.TNE5.DE	$10.60B	$5.80B	$4.80B	ES
132	Linde plcLIN	$10.49B	$5.51B	$4.98B	GB
133	Uber Technologies, Inc.UBER	$10.42B	$308.00M	$10.12B	US
134	Lockheed Martin CorporationLMT	$10.40B	$1.67B	$8.73B	US
135	ASE Technology Holding Co., Ltd.ASX	$10.39B	$17.99B	−$7.60B	TW
136	Airbus SEAIR.DE	$10.34B	$4.66B	$5.68B	NL
137	Deutsche Post AGDHL.DE	$10.32B	$3.27B	$7.05B	DE
138	Cigna CorporationCI	$10.28B	$1.16B	$9.11B	US
139	Union Pacific CorporationUNP	$10.26B	$3.76B	$6.50B	US
140	Southern Company (The) Series 2SOJE	$10.25B	$7.68B	$2.57B	US
141	The Southern CompanySOMN	$10.25B	$7.68B	$2.57B	US
142	L'Oréal S.A.LOR.DE	$10.25B	$1.65B	$8.60B	FR
143	Diamondback Energy, Inc.FANG	$10.14B	$3.65B	$6.50B	US
144	Advanced Micro Devices, Inc.AMD	$10.08B	$1.68B	$8.40B	US
145	Abbott LaboratoriesABT	$9.91B	$1.19B	$8.72B	US
146	Vale S.A.VALE	$9.88B	$6.02B	$3.86B	BR
147	Booking Holdings Inc.BKNG	$9.86B	$320.00M	$9.54B	US
148	GE AerospaceGE	$9.80B	$1.40B	$8.40B	US
149	Midea Group Co., Ltd.000333.SZ	$9.78B	$1.59B	$8.19B	CN
150	Centene Corp.CNC	$9.77B	$798.00M	$8.97B	US

How This List Is Built

Companies ranked by trailing twelve month operating cash flow, shown next to their capital expenditures and free cash flow — the full cash-generation picture in one table, converted to US dollars.

Frequently Asked Questions

How are the three figures related?: Operating cash flow is the cash a company’s core business produces. Capital expenditure (capex) is the cash it reinvests in property, plants, and equipment. Free cash flow is what is left over: operating cash flow minus capex.
What is the board sorted by?: By operating cash flow, largest first. Click the Capex or Free cash flow column to re-rank by either instead — the table carries all three so you can compare cash generated, reinvested, and left over.